FORM 10CCB

Form 10CCB is the audit report prescribed under Section 80-IC / 80-IE / 80-IB of the Income Tax Act. Here are the details:

1. What is Form 10CCB: It is a report to be furnished by a Chartered Accountant certifying that the assessee is eligible for deduction under Section 80-IC (units in Himachal Pradesh, Uttarakhand, North-East states) or Section 80-IE (North-East region) and that the conditions of the respective section are satisfied.

2. Who Must File:
- Any assessee (company or other) claiming deduction under Section 80-IC or 80-IE
- Also applicable for Section 80-IB (hotels, hospitals, housing projects etc.) under specific sub-sections

3. When to File: Form 10CCB must be filed BEFORE the due date of filing the Income Tax Return for the relevant assessment year. It is a mandatory prerequisite — deduction cannot be claimed without this report.

4. Filing Process:
- The CA files Form 10CCB from their IT portal login (CA Services → Form 10CCB)
- After CA submits, the assessee must accept/approve it from their login
- The Form 10CCB acknowledgment number is then entered in the ITR

5. Common Issues:
- Portal acceptance issues: Same as Form 29B — use latest browser and update DSC driver
- If filed late (after ITR): The deduction may be disallowed during scrutiny. Apply for condonation if delayed due to genuine reasons

6. Turnover Relevance: The CA must verify: (a) industrial undertaking is in the notified area, (b) manufacture/production has commenced within the stipulated period, (c) no splitting/reconstruction of existing business, (d) new plant and machinery criteria met

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arvind harulage

Aashok Kumar Sharma

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